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SDG Housing Partners Acquires San Pedro Residential Complex For $62.9M

1301 West Park Western Drive
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This Co-Op property located in CA was sold for $62,900,000 almost 5 years ago. The brokers of the deal were Bruce Furniss and Joe Leon

The Residential Complex located at 1301 W Park Western Dr in San Pedro has been sold for a total price of $62,900,000. The buyer, SDG Housing Partners, acquired the property from Park Western Apartments. The transaction was facilitated by brokers Joe Leon and Bruce Furniss from Berkadia.

Summary of transation details

  • Property Type: Residential Complex
  • Transaction Amount: $62,900,000

According to Bruce Furniss, the buyer plans to invest $50,000 per unit.

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Deals
  • Location
    1301 West Park Western Drive, San Pedro, CA 90732, USA1301 West Park Western Drive, San Pedro, CA 90732, USA
  • Sale Price
    $62,900,000$62,900,000
    $328 PPSF$328 PPSF
  • Area
    191,424 SF191,424 SF
  • Asset Type
    Co-OpCo-Op
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Bruce Furniss

Bruce Furniss

Deals2
Sold$95.9M

Joe Leon

Joe Leon

Deals5
Sold$448.7M

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

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Deal Summary

SALE IMAGE: Joe Leon and Bruce Furniss DATE: 04/11/2019 ADDRESS: 1301 W Park Western Dr MARKET: San Pedro ASSET TYPE: Residential Complex PRICE: $62,900,000 BUYER: SDG Housing Partners SELLER: Park Western Apartments BROKERS: Joe Leon, Bruce Furniss - Berkadia NOTES: The buyer will invest $50,000 per unit, according to Furniss.

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1301 West Park Western Drive

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